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20121201
20121231
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CNNW 3
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Search Results 0 to 2 of about 3 (some duplicates have been removed)
CNN
Dec 29, 2012 10:00am PST
at 7% and italy at 4.5%. my point, sean, is whether or not you or s&p or anybody else downgrades the united states, is there a danger it becomes substantially more expensive for the u.s. the borrow money anytime in the future? >> well, a lot of the borrow ei costs have been masked by the purchases by the federal reserve bank. they purchase about 75% of what the treasury has issued over the past year. the bigger challenge for a lot of institutional investors with regard to the credit quality of the u.s. is entitlement reform. the unfunded liabilities are in the area of $100 trillion depending on what type of interest rate or discount rate you use for those future liabilities. and that's something that we have some time to address but perhaps more important than the immediate deficit reduction for a lot of institutional investors including ourselves. >> all right, sean. to jim for a second. your firm manages a lot of money for individual and institutional investors. what have they been doing ahead of the fiscal cliff? >> well, good long-term investors have been keeping their eye on
CNN
Dec 16, 2012 12:00pm PST
were there. australia, russia, italy, france. england, germany. all over the world. following this story. all the major networks were there. you know, cnn was there, of course. and so this is an international event. and so the churches have a particular role when something like this happens. that is to help people make some kind of sense of it. when it first happened, everyone, including me was in a state of complete shock. i heard, i'm the same as anyone else, a sense of sickening sense of how could this possibly happen. and you try to wrap your mind around it. and comprehend that you can't, it's just impossible. even the ways that we typically try to understand events like this through psychology and they say the man was disturbed and things like that. he certainly was. but in a war, you can understand the cultural and political tensions like this, for a natural disaster this goes way beyond that. even a very sick mentally ill individual, could never just because of that, commit a crime so horrendous. so you're thrown back, on religious concepts, that's the only way to under
Search Results 0 to 2 of about 3 (some duplicates have been removed)